duty to mitigate

duty to mitigate (mit-i-gayt). A nonbreaching party’s or tort victim’s duty to make reasonable efforts to limit losses resulting from the other party’s breach or tort. • Not doing so precludes the party from collecting damages that might have been avoided. See MITIGATION-OF-DAMAGES DOCTRINE. [Cases: Sales 384(1), 418(7). C.J.S. Sales §§ 363, 365–366, 391–393, 403.]

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词条贡献者

资深译员Connie，国际知名法学院金融专业，擅长翻译各类与证券监管执法相关的法律文件。